CISA mills’ daily crude steel output down 1.53 percent in Nov 11-20

Wednesday, 25 November 2020 15:27:35 (GMT+3)   |   Shanghai
       

The China Iron and Steel Association (CISA) has announced that in mid-November (November 11-20) this year the average aggregate daily crude steel output of large and medium-sized steel enterprises in China - all CISA members - totaled 2.1134 million mt, down 1.53 percent compared to early November (November 1-10).

In early November (November 1-10) this year, the average aggregate daily crude steel output of large and medium-sized steel enterprises in China totaled 2.1461 million mt, down 0.48 percent compared to late October (October 21-31).

Inventory levels in the Chinese steel market decreased slightly in the given period. As of November 20, the finished steel inventories of large and medium-sized steel enterprises in China amounted to 12.5698 million mt, decreasing by 277,500 mt or 2.16 percent compared to November 10.

As of November 20, the average rebar price in the Chinese market was standing at RMB 4,207/mt ($640/mt) ex-warehouse, edging up by RMB 44/mt ($6.7/mt) or 1.06 percent from November 10, according to SteelOrbis’ data.

$1 = RMB 6.5749


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